2311548 Alberta Ltd. entered letter of intent to acquire 1246773 B.C. Ltd. in a reverse merger transaction on November 5, 2020. 2311548 Alberta Ltd. entered into an amalgamation agreement to acquire 1246773 B.C. Ltd. on March 12, 2021. Under the transaction, 1246773 B.C. Ltd. will acquire 20 million shares of 2311548 Alberta Ltd. Post transaction, all of the outstanding common shares of Alberta will be cancelled and, in consideration therefore, 1246773 B.C. Ltd. holders will receive Resulting Issuer Shares on the basis of one Alberta Share for one Resulting Issuer Share. 2311548 Alberta Ltd. will amalgamate with a wholly owned subsidiary of 1246773 B.C. Ltd. On March 12, 2021, 1246773 has launched a non-brokered private placement of subscription receipts at a price of CAD 0.50 per subscription receipt for aggregate gross proceeds of a minimum of CAD 4 million. On May 11, 2021, 1246773 announced the closing of a non-brokered private placement for 8.2 million subscription receipts at a price of CAD 0.50 each for gross proceeds of CAD 4.1 million. Prior to completion of the Amalgamation, it is intended that 1246773 B.C. Ltd. will change its name to "Atacama Copper Corporation" or such other name as agreed to by 1246773 B.C. Ltd. and Alberta and accepted by the applicable regulatory authorities and will be listed under the symbol "ACOP". Upon the closing of the Amalgamation, it is anticipated that Gino Zandonai, Martyn Buttenshaw, Scott Hicks, and Richard Reinert will constitute the Board of Directors of Atacama Copper Corporation. It is also anticipated that the new senior management team of Atacama Copper Corporation will be comprised of Gino Zandonai (Chief Executive Officer), Martyn Buttenshaw (Executive Director) and Walter Muehlebach (Vice President of Exploration). Completion of the amalgamation will be subject to certain conditions, including among others: (i) the requirement for Alberta to obtain approval of all of the shareholders (ii) 773 shall have received all shareholder and/or board approvals necessary or desirable in connection with the Amalgamation, including, without limitation, approval of the Name Change; (iii) completion of the Private Placement, where Alberta intends to complete a brokered private placement of subscription receipts for aggregate gross proceeds of at least CAD 4 million; (iv) obtaining conditional approval of the TSXV approving the listing of the common shares of 1246773 B.C. Ltd.; (v) the Exchange shall have granted an exemption or waiver from the sponsorship requirement or a sponsor shall have filed an acceptable report with the Exchange; and (vi) all other consents, orders and approvals, including regulatory and third-party approvals and orders, necessary or desirable for the completion of the transactions shall have been obtained; (vii) resignation of directors and officers of 1246773 B.C. Ltd. Transaction is expected to close by April 30, 2021. The transaction is expected to be completed by August 19, 2021 or such other date as may be determined by the parties thereto. The net proceeds of the Private Placement will be used by Alberta to advance exploration on the Placeton and El Cofre projects and for general corporate purposes following completion of the transaction. Robb McNaughton of Borden Ladner Gervais LLP acted as legal advisor to 1246773 B.C. Ltd. Eugene Chen of McLeod Law LLP acted as legal advisor to 2311548 Alberta Ltd. After completion of the RTO, it is proposed that the registrar and transfer agent for the Resulting Issuer be TSX Trust. 2311548 Alberta Ltd. completed the acquisition of 1246773 B.C. Ltd. in a reverse merger transaction on August 23, 2021. Pursuant to the amalgamation, all of the outstanding common shares of TargetCo, being 20 million targetCo shares, were cancelled and in consideration therefore holders thereof received resulting issuer shares on the basis of one resulting issuer share for every one targetco share (the ?Exchange Ratio?), all of the outstanding common shares of SubCo (?SubCo Shares?) were cancelled, being 100 SubCo Shares, and in consideration therefore holders thereof received resulting issuer shares based on the exchange ratio. The consideration consists of issuance of an aggregate of 20 million common shares in the capital of 1246773 B.C. and 7 million warrants entitling the holders thereof, for a period of five years, to acquire an aggregate of 7 million common shares of 1246773 B.C., at an exercise price per share equal to 120% of the Concurrent Financing per share price. Amalco became a wholly-owned subsidiary of the resulting issuer. The amalgamation was an arms? length transaction.